The ANZ's New Zealand commodity price index rose by 0.5 per cent in world price terms in the month of August following seven consecutive months of decline, the bank said.
The rise in New Zealand's commodity prices contrasts with a 3 per cent fall in the Reserve Bank of Australia's index of commodity prices for Australia. Nevertheless, commodity prices in both countries are roughly 15 per cent weaker than a year ago, ANZ said.............................................Full Article: Source